Hess Corp’s Bakken Field Oil Output to Fall Short of its 2012 Target

Apr. 25, 2012 05:19PM PST

Reuters reported that Hess Corp’s (NYSE:HES) oil output from the Bakken field will fall short of its 2012 target.

As quoted in the market news:

Chief Executive John Hess said the company’s production from the Bakken continued to grow, but would lag the 2012 average of 60,000 barrels per day it has forecast, partly because of delays in securing drilling permits that tempered first-quarter growth.

Click here to read the full Reuters report.